coinexchange.io is closing, remove you founds!

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

Quote from: MediaHound on February 11, 2021, 01:50:01 PM

Just tried logging in to coinex.io / coinexchange.io
And realized they don't exist anymore.
I never got any memo. Because they never sent me one.
If anyone knows how to contact them, please get in touch with me.
I would like my crypto back.

Unfortunately that money is gone since they left no channels to contact support or withdraw the funds. There was a period where peope where allowed to withdraw their funds but it wasn't long enough.

You have always been advised never to leave you crypto assets in exchanges for a long time. This is one of the reasons why.

MediaHound

newbie

Activity: 3

Merit: 0

Just tried logging in to coinex.io / coinexchange.io
And realized they don't exist anymore.
I never got any memo. Because they never sent me one.
If anyone knows how to contact them, please get in touch with me.
I would like my crypto back.

examplens

legendary

Activity: 3542

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Crypto Swap Exchange

Quote from: ozaz on November 22, 2020, 10:55:57 AM

I've just realized this exchange has closed!

Had some coins left on the exchange but thankfully not of great value.

Quite disgusting behaviour that they didn't email users notifying of the closure. Should be considered fraud.

Is the identify of the people who ran the exchange known to anyone?

If I remember correctly, Coinexchange announced out of business long before closing. They give enough time to withdrawing to all his customers and there was no fraud because there were no problems with withdrawing money from there. they were ultimately fair, unlike Tradesatoshi, Cryptopia etc...
you probably had very little value there or some worthless altcoins, when you remembered to them a year after closing.

bL4nkcode

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Limited in number. Limitless in potential.

Quote from: ozaz on November 22, 2020, 10:55:57 AM

Is the identify of the people who ran the exchange known to anyone?

No team's info can be found about coinexchange on different companies' directories, even on their websites. So it's hard to find them really. The only info it provides is the exchange was based on Australia.

ozaz

newbie

Activity: 15

Merit: 0

I've just realized this exchange has closed!

Had some coins left on the exchange but thankfully not of great value.

Quite disgusting behaviour that they didn't email users notifying of the closure. Should be considered fraud.

Is the identify of the people who ran the exchange known to anyone?

Bitcoin_Arena

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Activity: 2128

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: thirstygerry on May 20, 2020, 05:00:45 AM

Aren't they legally forced to have people recover their funds afterwards?
I thought they had to be reachable for these kinds of things for another 10 years.

If not, all unclaimed coins are just... a sign-off bonus for the team?

This is the crypto universe bro, where certain service providers choose whatever the hell they want without having to worry about any legal matters Grin

thirstygerry

member

Activity: 298

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Aren't they legally forced to have people recover their funds afterwards?
I thought they had to be reachable for these kinds of things for another 10 years.

If not, all unclaimed coins are just... a sign-off bonus for the team?

examplens

legendary

Activity: 3542

Merit: 3625

Crypto Swap Exchange

Quote from: NeedtheAces520 on March 10, 2020, 09:52:40 AM

Is there anyway other than emailing the tech support to try to get coins back? I didn’t realize they closed down until last week. I had a large amount of mooncoin on here and hate to lose it. I emailed the tech support and it seems very scammish and not very professional. Has anyone had any successes with getting coins back after the December deadline?

Nope. you no longer have the opportunity to contact them. they were really honest and give on-time information about going out of business and it was possible for everyone to have access and withdrawal funds. Okay, probably they could have given something longer period before closing, but I believe after one year, someone would come up and complain because of lost coins.
Sorry mate, but you must keep your coins in wallets with your control, not in exchange.

NeedtheAces520

newbie

Activity: 1

Merit: 0

Quote from: JeromeTash on March 07, 2020, 05:38:28 PM

Quote from: Sebastine8287 on March 07, 2020, 08:45:00 AM

It just came to me that co in exchange.io are closed now! I missed the deadline of withdrawing the balance. Cry

Any idea how to collect my bit coin balance from them now? Cry

Sorry buddy, just count your losses. They gave people time to withdraw their funds thou i was not happy on the way it was done. Apparently most victims say that they were not even notified via email about the closure which is quite unprofessional.
The whole process looked hurried.

Here is the Announcement the made back then:

Quote

Coinexchange.io is Closing Down
01/10/2019
It is with great regret that we must inform the community that the board of directors of CoinExchange.io has decided to close down the exchange.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.

Trading and deposits will be suspended on the 15th of October 2019. Please cease any deposit and trade activity as soon as possible.

The website and withdrawals will remain operational until the 1st of December 2019. We ask that you please remove all funds by this date.

It has been a fantastic journey and we have enjoyed playing a part in the crypto currency space. We thank everyone that has traded or listed a currency with us.

So sadly it is goodbye for now however we may return in the future if market conditions change.

Source: https://bitcointalksearch.org/topic/coinexchangeio-is-closing-down-official-announcement-5189124

Is there anyway other than emailing the tech support to try to get coins back? I didn’t realize they closed down until last week. I had a large amount of mooncoin on here and hate to lose it. I emailed the tech support and it seems very scammish and not very professional. Has anyone had any successes with getting coins back after the December deadline?

JeromeTash

legendary

Activity: 2394

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Heisenberg

Quote from: Sebastine8287 on March 07, 2020, 08:45:00 AM

It just came to me that co in exchange.io are closed now! I missed the deadline of withdrawing the balance. Cry

Any idea how to collect my bit coin balance from them now? Cry

Sorry buddy, just count your losses. They gave people time to withdraw their funds thou i was not happy on the way it was done. Apparently most victims say that they were not even notified via email about the closure which is quite unprofessional.
The whole process looked hurried.

Here is the Announcement the made back then:

Quote

Coinexchange.io is Closing Down
01/10/2019
It is with great regret that we must inform the community that the board of directors of CoinExchange.io has decided to close down the exchange.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.

Trading and deposits will be suspended on the 15th of October 2019. Please cease any deposit and trade activity as soon as possible.

The website and withdrawals will remain operational until the 1st of December 2019. We ask that you please remove all funds by this date.

It has been a fantastic journey and we have enjoyed playing a part in the crypto currency space. We thank everyone that has traded or listed a currency with us.

So sadly it is goodbye for now however we may return in the future if market conditions change.

Source: https://bitcointalksearch.org/topic/coinexchangeio-is-closing-down-official-announcement-5189124

Sebastine8287

newbie

Activity: 1

Merit: 0

It just came to me that co in exchange.io are closed now! I missed the deadline of withdrawing the balance. Cry

Any idea how to collect my bit coin balance from them now? Cry

sistema3d

newbie

Activity: 1

Merit: 0

how i can withdraw funds from coinexchange.io?

erickastella

sr. member

Activity: 826

Merit: 281

thank you for sharing, I regret that the market will close, because the beginning I played airdrop the results of tokens that I got sold there, many memories there, ranging from wrong deposite, less withdrawal and still more, in my opinion the market is a market which is quite popular among airdrop hunters but it will disappear in time

edmundduke

legendary

Activity: 1624

Merit: 1007

Them closing is actually pretty sad, it was a decent market for some lowcaps and a solid launch platform for upcoming tokens. Too bad they didnt keep trading open longer, could have made some more sweet deals on there. The people leaving in a hurry dumped so many coins at real low prices

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

This exchange has been around for many years. I am even beginning to wonder what will become of these massive exchanges that are opening daily in the next 3 to 5 years

FlamingFingers

sr. member

Activity: 1344

Merit: 288

Quote from: Quidat on October 21, 2019, 11:04:14 AM

Quote from: FlamingFingers on October 21, 2019, 10:41:18 AM

Quote from: coinlocket$ on October 01, 2019, 07:02:17 AM

Just for your information, you have 2 months to remove your founds.

The site is lagging alot, it took me a whole lot of time before I could log in few days ago to withdraw my dogecoin from there, I have lots of friends who made same complains about the lagging issues, they should kindly fix it asap, and respond to their email

I already pulled out my funds a few days ago and even up to now i didnt experience any laggs or slow down on my end.
You basically do mean about their withdrawal process or talking about on sites loading or response time?
Neither which it do works fine for me.

I mean both, as of this morning that he told me about the site lagging, it's very laggy in logging in, but it seems they have rectified it, perhaps there was much traffic

Quidat

hero member

Activity: 2702

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: FlamingFingers on October 21, 2019, 10:41:18 AM

Quote from: coinlocket$ on October 01, 2019, 07:02:17 AM

Just for your information, you have 2 months to remove your founds.

The site is lagging alot, it took me a whole lot of time before I could log in few days ago to withdraw my dogecoin from there, I have lots of friends who made same complains about the lagging issues, they should kindly fix it asap, and respond to their email

I already pulled out my funds a few days ago and even up to now i didnt experience any laggs or slow down on my end.
You basically do mean about their withdrawal process or talking about on sites loading or response time?
Neither which it do works fine for me.

FlamingFingers

sr. member

Activity: 1344

Merit: 288

Quote from: coinlocket$ on October 01, 2019, 07:02:17 AM

Just for your information, you have 2 months to remove your founds.

The site is lagging alot, it took me a whole lot of time before I could log in few days ago to withdraw my dogecoin from there, I have lots of friends who made same complains about the lagging issues, they should kindly fix it asap, and respond to their email

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: asyakashi on October 04, 2019, 09:08:57 PM

this is the favorite exchange for arbitrage trading, I still remember this exchange was very popular in 2017 because it provided a large profit.
very sorry that the current altcoin market situation has caused the exchange to raise their fees and some to close their exchanges.

They are popular back then since those erc20 tokens can easily listed there and I trade almost all of my altcoins earned way back before on coinexchange and by now provably they are hit so badly with market condition and the dying state of the ICO since I think they not getting any profits on them anymore that's why they choose to close down there operation due to financial reason as stated by them.

Zich

legendary

Activity: 1190

Merit: 1000

I see many people opening new exchange, seeing some of the big exchange make fortune less than 1 year. Too many exchange mean the volume with divided among the exchanges which will make the volume on the exchange pretty small to almost zero. You will need to pay for exchange operational which over time if no profit made from trading fee, then be ready to closed the business.

asyakashi

sr. member

Activity: 2002

Merit: 256

DGbet.fun - Crypto Sportsbook

this is the favorite exchange for arbitrage trading, I still remember this exchange was very popular in 2017 because it provided a large profit.
very sorry that the current altcoin market situation has caused the exchange to raise their fees and some to close their exchanges.

lionheart78

legendary

Activity: 2982

Merit: 1153

I could have forgotten my 0.05 BTC there if not of this thread. The last time I checked coinexchange.io was way back 2018-03-26 to be exact. I set my LNK sell order and forgot about this exchange until this thread poped up. I checked and see my sell order were fulfilled way back year ago.

If I had not seen this thread, I could have lost that 0.054 BTC. I withdrawn it and encounter no problems. That amount of BTC is sitting idly for more than 1 year on that platform honestly I already forgotten about it.

I am thankful to this thread but feel sorry to see an honest exchange to shutdown.

We all know that the market is survival of the fittest, and those who are able to adjust to its ever changing environment. Popular exchanges are now hoarding all the coins that have a very huge volume and smaller exchanges are left with coins that has little to zero volume. So it is not a surprised that this kind of event will happen. It is either adapt or shutdown. Sadly for Coinexchange it is a shutdown.

legendster

hero member

Activity: 1778

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www.V.systems

Quote from: Slow death on October 02, 2019, 04:04:51 PM

looking here: https://coinmarketcap.com/exchanges/coinexchange/

it seems to me that they didn't have large volumes

they launched the exchange in 2016, which means that it is a exchange that is no more than 5 years old in this market and they are already closing.

They definitely have had very low volumes and that is the reason for their slowdeath ~ pun intended.

Quote from: Taskford on October 03, 2019, 09:08:00 AM

They are old but yet for several years they didn't get much volume maybe they failed on promotional aspect..

This is one of the biggest reasons for their failure. In a niche market where competition were/are popping up day and night, the least they should have done is double down on promotion. Whatever little effort they made were clearly not enough.

Quote from: Bttzed03 on October 03, 2019, 01:01:11 AM

Coinexchange team is from Australia also I think. You can ask the Equal dev to confirm.

I have had the most amount of interaction with Silky from Equal team, and despite the fact that Equal were listed there on Coinexchange, it does not really mean that the exchange is from the country as that of Equal.. however, I've asked this question, awaiting reply now.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Slow death on October 02, 2019, 04:04:51 PM

looking here: https://coinmarketcap.com/exchanges/coinexchange/

it seems to me that they didn't have large volumes

they launched the exchange in 2016, which means that it is a exchange that is no more than 5 years old in this market and they are already closing.

They are old but yet for several years they didn't get much volume maybe they failed on promotional aspect since they are been quite for long years and I think this closure on them is permanent since there is no note that they will comeback there operatio n but let see how future goes.

And if this market condition will continue most provably there will be another exchanger will follow.

Nomar

jr. member

Activity: 51

Merit: 1

A sad news! This bear market is too difficult to spend, many people have to leave!

Bttzed03

legendary

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https://bitcoincleanup.com/

Thanks for the heads up. Reminded me of the few tokens I had there.

Quote from: legendster on October 02, 2019, 05:40:35 AM

Now correct me if I am wrong, there is no information about the people behind Coinexchange.io, no one knows who the founder is, where the devs are from or anything like that. So could it be that since this shut down was for economical reasons - Coinexchange.io is (was) actually a South Korean exchange?

Coinexchange team is from Australia also I think. You can ask the Equal dev to confirm.

Quote from: Slow death on October 02, 2019, 04:04:51 PM

~snip

Yup, they've been around for some time. I used to trade there but the high transaction fees and maybe high listing fees killed them. Newer exchanges with lower fees probably took away a lot of traders from them.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

looking here: https://coinmarketcap.com/exchanges/coinexchange/

it seems to me that they didn't have large volumes

they launched the exchange in 2016, which means that it is a exchange that is no more than 5 years old in this market and they are already closing.

rijaljun

sr. member

Activity: 1274

Merit: 267

Quote from: Kupid002 on October 01, 2019, 09:58:35 AM

Coinexchange need to send email notificatoion about this update to users. since not all of the users is using it everyday.

Are you sure the email was't sent to your spam? It's strange actually that an exchange is shutting down without giving announcement via email to their users as it iis important thing to announce. Even though they are announcing it via website and perhaps people already knew it from online media, but it's not enough.

rearwheels

sr. member

Activity: 444

Merit: 254

Ups. Seems I used it before for buying some coins. Have to check it.
Thanks coinlocket$ for sharing it with bitcointalk community.

Ayiranorea

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Leading Crypto Sports Betting & Casino Platform

This is one among the exchange that I use for trading. Few of the tokens in my portfolio were listed only on these exchange. Now I need to get it converted to bitcoin and withdraw it. Quite often some exchanges give a statement that they're into bankruptcy and gonna close the exchange. I don't think this is true, they might have got some other plan of moving the investment.

legendster

hero member

Activity: 1778

Merit: 764

www.V.systems

Why are you intentionally calling it "founds" lol I mean is that a joke or something?

Its funny how just a few days ago there was this report that; 97% of S. Korean Crypto Exchanges ‘In Danger of Bankruptcy’

Now correct me if I am wrong, there is no information about the people behind Coinexchange.io, no one knows who the founder is, where the devs are from or anything like that. So could it be that since this shut down was for economical reasons - Coinexchange.io is (was) actually a South Korean exchange?

lol this is just a fun tidbit. I think, most small to mid-sized exchanges are in danger of bankruptcy no matter where they are.

For me, Coinexchange.io would forever be the place where I first bought / sold Equal token - which lead me to meet some amazing people from that Aussie team of devs and the people behind that token.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Kupid002 on October 01, 2019, 09:03:56 AM

Quote from: coinlocket$ on October 01, 2019, 07:02:17 AM

Just for your information, you have 2 months to remove your founds.

https://www.coinexchange.io/news/post/85/

Quote

Coinexchange.io is Closing Down
01/10/2019
It is with great regret that we must inform the community that the board of directors of CoinExchange.io has decided to close down the exchange.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.

Trading and deposits will be suspended on the 15th of October 2019. Please cease any deposit and trade activity as soon as possible.

The website and withdrawals will remain operational until the 1st of December 2019. We ask that you please remove all funds by this date.

It has been a fantastic journey and we have enjoyed playing a part in the crypto currency space. We thank everyone that has traded or listed a currency with us.

So sadly it is goodbye for now however we may return in the future if market conditions change.

hmm interesting,one by one known exchange are closing. From nova last week now coinexchange this is the effect of long bear market.

Thanks for updating us mate.
I check my email and spam folder i dont see any notification from coinex. How did you get that information?

As I remember Novaexchange is long time closed and been revive by I think the buyer but still it failed since provably the market condition hit them very hard.

Quote from: milewilda on October 01, 2019, 09:37:54 AM

Quote from: Kupid002 on October 01, 2019, 09:03:56 AM

hmm interesting,one by one known exchange are closing. From nova last week now coinexchange this is the effect of long bear market.

Thanks for updating us mate.
I check my email and spam folder i dont see any notification from coinex. How did you get that information?

You can directly read up that notice when you surf out the exchange:

A long bear market would really affect businesses out there,its no surprise!

Many business shutdown for that streak and still bear season occurs and hopefully we can get an uplift so that we can get back to the phase, I can't see any good position to trade so provably I will rest for trading at this point.

Kupid002

sr. member

Activity: 1036

Merit: 329

Quote from: milewilda on October 01, 2019, 09:37:54 AM

Quote from: Kupid002 on October 01, 2019, 09:03:56 AM

hmm interesting,one by one known exchange are closing. From nova last week now coinexchange this is the effect of long bear market.

Thanks for updating us mate.
I check my email and spam folder i dont see any notification from coinex. How did you get that information?

You can directly read up that notice when you surf out the exchange:

A long bear market would really affect businesses out there,its no surprise!

Thanks, im not opening this site for long i just remember i still have balance there but only small amount.

Coinexchange need to send email notificatoion about this update to users. since not all of the users is using it everyday.

milewilda

legendary

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Merit: 1127

Quote from: Kupid002 on October 01, 2019, 09:03:56 AM

hmm interesting,one by one known exchange are closing. From nova last week now coinexchange this is the effect of long bear market.

Thanks for updating us mate.
I check my email and spam folder i dont see any notification from coinex. How did you get that information?

You can directly read up that notice when you surf out the exchange:

A long bear market would really affect businesses out there,its no surprise!

Kupid002

sr. member

Activity: 1036

Merit: 329

Quote from: coinlocket$ on October 01, 2019, 07:02:17 AM

Just for your information, you have 2 months to remove your founds.

https://www.coinexchange.io/news/post/85/

Quote

Coinexchange.io is Closing Down
01/10/2019
It is with great regret that we must inform the community that the board of directors of CoinExchange.io has decided to close down the exchange.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.

Trading and deposits will be suspended on the 15th of October 2019. Please cease any deposit and trade activity as soon as possible.

The website and withdrawals will remain operational until the 1st of December 2019. We ask that you please remove all funds by this date.

It has been a fantastic journey and we have enjoyed playing a part in the crypto currency space. We thank everyone that has traded or listed a currency with us.

So sadly it is goodbye for now however we may return in the future if market conditions change.

hmm interesting,one by one known exchange are closing. From nova last week now coinexchange this is the effect of long bear market.

Thanks for updating us mate.
I check my email and spam folder i dont see any notification from coinex. How did you get that information?

Quidat

hero member

Activity: 2702

Merit: 540

DGbet.fun - Crypto Sportsbook

Quote from: coinlocket$ on October 01, 2019, 07:02:17 AM

Just for your information, you have 2 months to remove your founds.

https://www.coinexchange.io/news/post/85/

Thanks for sharing up the information and this should how exchangers do close its doors where they do give out window for its users to withdraw their funds.
2 months time is already sufficient or even 1 month will be considerable.Its just a wise move for coinexchange owners to close its doors yet their business isnt already feasible
nor making them any profits rather than on deciding to exit scam right away.Also, coinexchange should sent out this warning/announcement thru email on all of its users and in all possible communication mediums so that majority would be aware.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: coinlocket$ on October 01, 2019, 07:02:17 AM

Just for your information, you have 2 months to remove your founds.

https://www.coinexchange.io/news/post/85/

Quote

Coinexchange.io is Closing Down
01/10/2019
It is with great regret that we must inform the community that the board of directors of CoinExchange.io has decided to close down the exchange.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.

Trading and deposits will be suspended on the 15th of October 2019. Please cease any deposit and trade activity as soon as possible.

The website and withdrawals will remain operational until the 1st of December 2019. We ask that you please remove all funds by this date.

It has been a fantastic journey and we have enjoyed playing a part in the crypto currency space. We thank everyone that has traded or listed a currency with us.

So sadly it is goodbye for now however we may return in the future if market conditions change.

The business environment is all over is gradually becoming the survival of the fittest and its not anyone's fault. Even in the outside world, businesses that cannot survive either got taken over by a bigger one or just close down under any guise as it deem fit eventually life goes on. For a business in the crypto world, it further becomes more at risk because for the fact that you are small, does not mean you won't spend as much as the big site on security of your infrastructure because everyday, you are a subject of target from people all over the world and the its the volume of transactions on your platform you will get the funds to measure up to those challenges. Now for a platform that is relatively known, its a double jeopardy.

Its good they are announcing and giving a timeline to people to withdraw that funds, at least they are doing the right thing and no one is caught in the cross fire.

coinlocket$

legendary

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Just for your information, you have 2 months to remove your founds.

https://www.coinexchange.io/news/post/85/

Quote

Coinexchange.io is Closing Down
01/10/2019
It is with great regret that we must inform the community that the board of directors of CoinExchange.io has decided to close down the exchange.

This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.

Trading and deposits will be suspended on the 15th of October 2019. Please cease any deposit and trade activity as soon as possible.

The website and withdrawals will remain operational until the 1st of December 2019. We ask that you please remove all funds by this date.

It has been a fantastic journey and we have enjoyed playing a part in the crypto currency space. We thank everyone that has traded or listed a currency with us.

So sadly it is goodbye for now however we may return in the future if market conditions change.

Topic: coinexchange.io is closing, remove you founds! (Read 608 times)